Got feedback on the new design? We're Listening! Send us Feedback

Citigroup posts $9.83 billion quarterly loss,us bank »

Posted by: MyWayOnNow 7 months, 3 weeks ago

1.0

Scale of 1 to 10

Read: 9

Propped: 16

Comments: 2

Click Prop It to Raise Score

Prop it

Citigroup Inc on Tuesday posted its first quarterly loss since its creation in 1998, hurt by write-downs for exposure to subprime mortgages and other risky debt.

Read Full Story at reuters.com

Join the Discussion

+ Add Comment

Comments So Far: 2

0%
MyWayOnNow7 months, 3 weeks ago

"The net loss for the largest U.S. bank totaled $9.83 billion, or $1.99 per share. Net income totaled $5.13 billion, or $1.03 per share, a year earlier."

Reply
0%
marshx7 months, 3 weeks ago

it shows just how big they're, most other companies would go under with that kind of loss in a single quarter!
Reply